Flag Montserrat

Overview In 2020 Montserrat was the number 221 economy in the world in terms of total exports and the number 223 in total imports.

Exports The top exports of Montserrat are Felt or Coated Fabric Garments ($1.68M), Sand ($508k), Aircraft Parts ($468k), Computers ($324k), and Integrated Circuits ($295k), exporting mostly to Thailand ($1.68M), United States ($1.42M), France ($1.24M), Australia ($251k), and Luxembourg ($221k).

Imports The top imports of Montserrat are Refined Petroleum ($1.26M), Semiconductor Devices ($907k), Citrus ($684k), Cars ($532k), and Medical Instruments ($481k), importing mostly from United States ($7.23M), United Kingdom ($1.34M), Egypt ($772k), Barbados ($618k), and China ($394k).

Location Montserrat borders Saint Kitts and Nevis by land and Antigua and Barbuda, France, and Venezuela by sea.

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The following section uses the most recent trade data from partners of Montserrat.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Felt or Coated Fabric Garments, $1.68M

Top Destination (2020): Thailand, $7.23M

In 2020, Montserrat exported a total of $5.37M, making it the number 221 exporter in the world. During the last five reported years the exports of Montserrat have changed by $2.54M from $2.83M in 2015 to $5.37M in 2020.

The most recent exports are led by Felt or Coated Fabric Garments ($1.68M), Sand ($508k), Aircraft Parts ($468k), Computers ($324k), and Integrated Circuits ($295k). The most common destination for the exports of Montserrat are Thailand ($1.68M), United States ($1.42M), France ($1.24M), Australia ($251k), and Luxembourg ($221k).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Montserrat Exports Services (2013): $13.9M

Montserrat Imports Services (2013): $17.7M

In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).

The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).

Economic Complexity

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Most Specialized Products by RCA Index

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Montserrat has a high level of specialization in Sand (851), Tobacco Processing Machines (631), Felt or Coated Fabric Garments (217), Gravel and Crushed Stone (180), and Raw Tobacco (44.9). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Montserrat according to the relatedness index, are Other Measuring Instruments (0.053), Navigation Equipment (0.052), Optical Fibers and optical fibre bundles (0.052), Non-optical Microscopes (0.05), and Thermostats (0.05). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montserrat is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Montserrat. These are products that tend to be co-exported with the products that Montserrat exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.